BOYD MARINE SERVICES LTD

💤Zombieactive

SC348422 · ltd · incorporated 2008-09-11

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Sept 2024

Net worth

£-12.5k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Other service activities n.e.c.

Sector: Other service activities

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -76% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

2 officers (1 active, 2 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

42 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Negative net assets

Liabilities exceed assets by £12,496

Very low cash

Cash position: £91

Cash draining

Cash down 76% YoY

Cash YoY

-76%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£91

↓ 76% YoY

Net Worth

-£12k

↓ 32% YoY

Current Assets

£856

↑ 23% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-09-30	2023-09-30
Total assets	£-12.5k	£-9.5k
Current assets	£856	£698
Cash	£91	£381
Debtors	£765	£317
Net assets	£-12.5k	£-9.5k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (19 events)Click to expand

2025-06-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-06-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-06-29
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-06-29
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-09-24
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-06-29
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-09-11
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-06-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-09-23
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2008-09-15
➖
JACOBS, Yomtov Eliezer resigned
director
2008-09-11
🏢
Company incorporated
As BOYD MARINE SERVICES LTD
2008-09-11
➕
BOYD, James Duncan Clanahan appointed
director
2008-09-11
➕
JACOBS, Yomtov Eliezer appointed
director

Owner dependency

100/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.
+Founder name in company name: Company name contains director surname "BOYD" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

88/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondary12+ year tenure: Director in role 18 years.
secondaryStable-but-static management: Company is 18 years old and no new directors in the last 3 years — succession not yet being planned internally.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr James Duncan Clanahan Boyd Individual · British · DOB 11/1959 · age 67	75–100%	—	75-100% shares	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →

🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive

Typeltd

Incorporated2008-09-11

Jurisdictionscotland

Primary SIC96090 — Other service activities n.e.c.

Registered office

145 St. Vincent Street

Glasgow

G2 5JF

Filing status

Accounts

Next due: 2026-06-30

Last made up to: 2024-09-30

Confirmation statement

Next due: 2026-09-25

Last: 2025-09-11

Officers (1 active · 1 resigned)

BOYD, James Duncan Clanahan→

director · ~67y · appointed 2008-09-11

View their other companies + combined net worth →

Active

JACOBS, Yomtov Eliezer→

director · ~56y · appointed 2008-09-11 · resigned 2008-09-15

Resigned

Click a director name to see their full track record across all companies.